Treasury yields ease, oil falls as Trump-Xi meeting looms: AlphaCheck

Good morning. Stocks were little changed on Tuesday as President Trump kicked off a week of diplomacy with an address to the United Nations General Assembly. Investors will also be on the lookout for a capstone meeting with Chinese President Xi Jinping expected on Thursday in Washington.

Oil prices continued to fall amid reports that Iran is willing to reopen the Strait of Hormuz if the US ends its blockade and eases its military pressure. Lower crude prices alleviated investor worries about persistent inflation.

The 10-year Treasury yield (^TNX) fell to 4.93% after breaching the 5% threshold last week.

Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.

Tech stocks (XLK) edged higher after a blistering one-day rally that sent AMD (AMD) surging to a $1 trillion valuation. Shares of iPhone maker Apple (AAPL) rose more than 1%, while Meta (META) extended Monday's gains amid enthusiasm for the company's new AI agent Muse.

Bitcoin (BTC-USD) held above $85,000 per token while ether (ETH-USD) hovered near its highest level since January as renewed interest in digital assets led one analyst to declare the "crypto winter" over.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: On Holdings (ONON), Blackberry (BB), and GameStop (GME).

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